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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

Feb exports value up 30.4%

The value of Hong Kong's total exports increased to $311.1 billion in February, up 30.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 17.6% to $325.8 billion for the same period.   A trade deficit of $14.7 billion, or 4.5% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 18.9%, while that of imports increased 16%.   Taking the first two months of the year together to remove the distortion caused by the difference in timing of the Lunar New Year, the value of exports increased sharply by 37.6% over a year earlier, reflecting a further pick-up in growth momentum alongside the revival of global trading and production activities, the Government said.
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